🎉Good news! GPU cloud infrastructure provider CoreWeave announced the completion of a $1.1 billion Series C financing, led by Coatue, with participation from Magnetar, Altimeter Capital, Fidelity Management & Research Company, and Lykos Global Management. 💰According to people familiar with the matter, this financing has brought CoreWeave's valuation to a staggering $19 billion, far exceeding the $7 billion a few months ago. 🚀

The new financing will be used to support the rapid growth of CoreWeave's various business areas and expansion into new regions to meet the continued global demand for GPU-accelerated cloud infrastructure. 🌍Currently, CoreWeave has three data center infrastructure regions in the United States, but their ambitions do not stop there. A spokesperson said the company plans to have 28 data centers by the end of this year, and 14 are currently under construction. 🏗️

This is undoubtedly a big boon to Bitcoin and the entire cryptocurrency market, as the expansion of GPU-accelerated cloud infrastructure will help improve the mining efficiency of cryptocurrencies such as Bitcoin. 🎯Let us look forward to greater development of CoreWeave together! 🎈